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EMI posts $2.4 billion net loss


The EMI Group, at the center of an acrimonious legal dispute between the buyout house Terra Firma and Citigroup, posted a full-year £1.56 billion net loss and said it needed more money to stay afloat, Reuters said.

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Conan O’Brien: ‘I will not follow Jay Leno’


On Tuesday afternoon, Conan O’Brien released a statement saying he will not follow an 11:35 pm Jay Leno show with a 12:05 ‘Tonight Show’ out of respect for the ‘Tonight Show’ brand and for Jimmy Fallon.

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